Biden keeps crushing the American dream of owning a home

Source: Fox News
by Stephen Moore

“In boasting about Bidenomics two weeks ago in Milwaukee, President Joe Biden declared that his policies are ‘restoring the American dream.’ Then he went into his creepy whispering mode and assured us ‘it’s working.’ Huh? Isn’t a big aspiration of the American dream owning a home? Biden keeps making first-time homeownership harder for young families for two reasons. One is that the overall jump in inflation and the slower increase in wages and salaries means that homes are more expensive. High home prices benefit those who already own their homes, but much of the increased value is due to general inflation, which reached a high of 9% last year and hurts everyone. A bigger killer for first-time homebuyers has been the steady rise in mortgage rates under Biden.” (09/06/23)